Alamea Verwaltungs GmbH Purchases New Shares in Vulcan Materials Company $VMC

Key Points

• Alamea Verwaltungs GmbH acquired a new stake of 2,675 shares in Vulcan Materials Company, valued at approximately $624,000, making it the company's 25th largest position.
• The stock has experienced a recent decline, with a current price opening at $291.09, while its 12-month high and low stand at $298.31 and $215.08, respectively.
• Vulcan Materials recently reported earnings per share of $2.45 for the last quarter, falling short of estimates, and announced a quarterly dividend of $0.49 per share.

Alamea Verwaltungs GmbH bought a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,675 shares of the construction company's stock, valued at approximately $624,000. Vulcan Materials accounts for about 0.5% of Alamea Verwaltungs GmbH's portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Vulcan Materials in the first quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at $46,000. Manchester Capital Management LLC raised its stake in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after acquiring an additional 39 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Vulcan Materials in the first quarter valued at $45,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Vulcan Materials in the first quarter valued at $54,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Down 0.0%

NYSE VMC opened at $291.09 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $298.31. The company's 50-day moving average price is $275.65 and its 200-day moving average price is $259.82. The stock has a market cap of $38.46 billion, a PE ratio of 40.66, a PEG ratio of 2.38 and a beta of 0.83.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the company earned $2.35 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's dividend payout ratio is presently 27.37%.

Analysts Set New Price Targets

VMC has been the topic of several recent analyst reports. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and increased their target price for the company from $280.00 to $318.00 in a research note on Friday, May 16th. Morgan Stanley reduced their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Monday, July 28th. Barclays upped their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada cut their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Finally, Citigroup restated a "buy" rating and issued a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $308.36.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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